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The Company has evaluated events subsequent to June 30, 2026, to assess the need for potential recognition or disclosure in the accompanying financial statements. Such events were evaluated through August 14, 2026,
the date the financial statements were available to issue and the following events were identified:
| • | Subsequent to the closing of the Company’s initial public offering in June 2026, the underwriters partially exercised their over-allotment option, purchasing 1,915,328 additional shares of common stock (out of the 2,662,500 shares available under the option) at $12.00 per share. The exercise closed on July 15, 2026, and resulted in additional gross proceeds of approximately $23.0 million, before deducting underwriting discounts and commissions and offering expenses. The exercise resulted in net proceeds to the Company of $21.4 million. |
| • | On July 27, 2026, the Company issued 7,939,544 shares of common stock to Fresnillo at $12.00 per share for net proceeds of approximately $95.0 million. |
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